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  1. #11
    Advanced Member
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    Took a small position @ 28 cents . Not the biggest fan of this industry currently , but S/F has a few runs on the board so went with it ... what a legend .
    Got to be a speeding ticket on the way 46 cents trading, currently up 48 % on the day !!!!

  2. #12
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  3. #13
    percy
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    Quote Originally Posted by stoploss View Post
    Thanks for posting that stoploss..
    I am holding myself at the ready for the SPP.
    Being ever hopeful, I wonder whether I will get two bites at the cherry,as some how I have ended up with two holdings.???
    Last edited by percy; 10-10-2015 at 06:49 PM.

  4. #14
    Super Investor
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    That is a substantial dairy farm they are looking at http://www.vdlfarms.com.au/about
    h2

  5. #15
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    That is a substantial dairy farm they are looking at.http://www.vdlfarms.com.au/about
    h2

  6. #16
    percy
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    Quote Originally Posted by h2so4 View Post
    That is a substantial dairy farm they are looking at.http://www.vdlfarms.com.au/about
    Just trying to remember the NZ connection via Tasman Farms.
    The late Dunedin businessman Howard Paterson may have been involved??
    I think it is a very well run dairying business.

  7. #17
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    Quote Originally Posted by percy View Post
    Just trying to remember the NZ connection via Tasman Farms.
    The late Dunedin businessman Howard Paterson may have been involved??
    I think it is a very well run dairying business.
    All on their website Percy , bit of history there for Tasmania , they may have to make more than one capital raise for this ???

    VDL became part of the New Zealand publicly listed company Tasman Agriculture Ltd in 1993.
    Tasman Agriculture Ltd was put into voluntary liquidation on 31 October 2001, following a restructuring of its New Zealand Farms, and its shareholders received one share in Tasman Farms Limited for every share held in TasAg by way of an in-specie distribution.
    In June 2004 VDL purchased all the shares in Tasman Farmdale Limited, which owned a further 11 dairy unitsin the Circular Head region of North-West Tasmania.
    Tasman Farms Limited, a New Zealand Company, is the current majority shareholder of VDL, owning 98.42% of shares on issue.
    Management of VDL is undertaken from a small, modern office located in Smithton, within 40 minutes of all farms.
    VDL has 75,500,000 shares on issue.
    In late 2007 the New Plymouth District Council (NPDC), based in the Taranaki region of New Zealand, launched a takeover bid of Tasman Farms Limited. In February 2008 this bid was finalised with the NPDC purchasing 74.33% of Tasman Farms Limited. NPDC has since increased its Shareholding to 100%.

  8. #18
    percy
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    Thanks Stoploss.
    Yes most probably some "interesting" venues for capital raising.
    Last edited by percy; 13-10-2015 at 04:47 PM.

  9. #19
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    thats a fairly large aquisition! they will need a lot more cash now??

  10. #20
    percy
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    From NBR article.
    Van Diemen's Land Company is Australia's oldest dairying company.
    This will be only the third time in about 200 years of production the property has changed hands.
    VDL has almost 30,000 cows on 19,000 hectacres producing nearly 8 million kilograms of milk solids this year.
    According to VDL director Mike Trousselot VDL is valued over $250 million.

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